First Interstate Bank Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Cerbat Gem

First Interstate Bank lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,989 shares of the company’s stock after selling 796 shares during the quarter. First Interstate Bank’s holdings in Mondelez International were worth $5,230,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. boosted its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $29,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MDLZ shares. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company dropped their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Barclays lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.94.

Check Out Our Latest Research Report on Mondelez International

Mondelez International Stock Up 0.0 %

Shares of NASDAQ:MDLZ traded up $0.03 during trading on Friday, hitting $68.51. The company’s stock had a trading volume of 6,470,448 shares, compared to its average volume of 6,784,174. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The business has a 50 day moving average price of $72.35 and a two-hundred day moving average price of $69.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 0.63. The company has a market capitalization of $91.52 billion, a PE ratio of 24.29, a P/E/G ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Profile

(Free Report)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

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